Tue 11/23/2021 07:00 AM
A significant number of companies within the offshore drilling sector have restructured through chapter 11 over the last two years. For some this was their second trip through bankruptcy. While many companies in the sector admit further consolidation is needed to drive better pricing, companies have followed different paths in an attempt to maximize shareholder value.
Noble Corp. has pursued an aggressive M&A strategy, coupled with fleet management, attempting to reduce costs through...
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